Established Contributor
cashnocredit
Posts: 1,025
Registered: ‎07-18-2009
Re: Such thing as too much credit?

Objectivist wrote:

One thing my trying to understand is this...If I havebunch of big limits on a bunch of credit cards....when will CCC start to say they're afraid I've been over extended for my income? Will this ever catch up to me if I don't have a balance for a the part?


My gf was CLD'ed from 40k to 10k with a FICO score in the 820s and a perfect long record. That FICO score was post CLD! It was at the start of the financial crisis and was a pretty common practice even with very high FICO score customers if they didn't use their card much. She didn't. I doubt she ever charged more than $2k to it, always pif and had barely used it at all in the year before the CLD.

 

Banks don't like CLDs because it ticks off the customer but yes, you can have too much credit from a bank's pov.

 

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k